To back Vik Bansal, you have to buy into the Seven dream
Boral’s gone from the ASX-boards, but not forgotten. It’s tucked up inside Seven Group’s portfolio and still one of Australia’s turnaround stories to watch.
It’s day one of Seven Group owning Australia’s biggest cement maker Boral and its CEO Ryan Stokes has stitched up the first order of business: Vik Bansal.
Stokes has cut a deal to keep Bansal driving Boral’s turnaround; a turnaround he reckons will be faster and delivered with more velocity now that his Seven Group has control.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
